The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1887-12-09

sucn ponds to the government.
IL has been suggested that the pre- ent
bonded debt might be refunded at less rate
OF interest, and the difference between the
old and new security paid In cash. thus find
ing use for the surplus in the treasury. The
success OF this plan, it is apparent, must de-
pend upon the volition Of the holders of the
present bonds; and it is not entirely certain
that the inducement which must be offered
them would result in more financial benefit
to the government than the purchase Of
bonds, while the latter proposition would re-
duce the principal Of the debt by actual pay
ment, instead Of extending IT,
DEPosITINa MONEY IN BANKS AN OBJECTION
The proposition TO deposit the money held
by the government in banks throughout the
country, for use by the people, is, it seems to
me, exceedingly Objectionable in principle,
as establishing too close a relationship be-
tween the operations Of the government
treasury and the business of the country, and
too extensive commingling of their money
thus fostering an unnatural reliance in pri-
vate business upon public funds If this
scheme should be adopted it should only be
done as temporary expedient to meet an
urgent necessity. Legislative and executive
effort should generally be in the opposite di-
rection, and should have tendency to di-
vorce, as much and as fast as can safely be
done, the treasury department from private
enterprise.
OF course it is not expected that unneces-
sary and extravagant appropriations will be
made for the purpose of avoiding the accu-
mutation Of an excess of revenue. Such ex-
penditure, beside the Generalization of all
just conceptions of pnblic duty which it en-
tails, stimulates habit of reckless improvi-
dence not in the least consistent with the
mission OF our people or the high and benef-
cent purposes of our government.
GRAVITY OF THE SITUATION.
have deemed it my duty to thus bring to
the knowledge of my countrymen, as well as
to the attention of their representatives
charged with the responsibility of legislative
relief, the gravity of our financial situation.
The failure of the congress heretofore to
provide against the dangers which it was
quite evident the very nature of the diff
Guilty must necessarily produce, caused
condition of financial distress and apprehen-
sion since your last adjournment, which
taxed to the utmost all the authority and
expedients within executive control; and
these appear ROW to be exhausted. If dis,
aster results from the continued inaction of
congress, the responsibility must rest where
"a.
Tho,,,1h ,,o A.,
is fraught with danger which should be fully
allied, and though it presents features Of
wrong to the people as well as peril to the
country, it is but result growing out of
perfectly palpable and apparent cause con-
stantly reproducing the same alarming cir
cumstances-a congested national treasury
L,,s;,,ass - ,.o . eonu'',on ,h Ine
s,a,ad ,hat lii tho s.'. u..y lazy oe
,,,.,,ds a ra,Di,, ~ Wv e'Vua'ioh oe-
a I;La ,,rad;oa ~, ~ ..o 70 'a'eu rom
,,oyo, ~ to oa,,so -1' ~ 'no ie'
w" 'onH"A VI iAAArioN.
Our scneine Vi taAatiop, Dy means or which
'nis heeuiesS surplus Is taken from the peo-
PIE anu Pu' in.o 'ne puoiic treasury, con-
oiSs' Vi 'arii UT uu0y ieVied upon importa-
.ions from aoroad, ana internal revenue
,NAeS ieVieo upon 'ne consumption OF to-
oacco anu spir,tuous ana matt liquors. 1t
nius1 oe cohceueo that none OF the things
70 in'erhai revenue taxation are,
s'r,c'iy speaAing' hecessaries; there appears
10 Do no just complaint OF this taxation by
1he consuhi rs Oh these articles, and there
seems " Ne hothihg 30 wen aoie 10 bear the
ourueh withoue nardship TO any portion of
'he peopie'
TARIFF LAWS SHOULD BE AMENDED.
puo our present cariH laws, the vicious, in
equ'Iaoie anu iiiogicai source OF unnecessary
eiAa'ion, ough' W oe at once revised and
oiiehueu ihese Jaws, as thelr primary and
p,a'n enec'' RAISE the price 10 consumers Of
All ar'icies ihiporoeu ana SUBJECT 70 duty, by
pieeisoiy .iie SUN paiu ior such dutles. Thus
eiie aiiiouhe oi tue uuty measures the tax
pau ~ suo1o "ho pui chase ior use ehese I'M
-, = 49, sa;sad - y. 'ne'o 'nihes' now
country and tha d,,tias ,,n', ~ - oe' o"n
foreion Goods and rrod,ota o, IL upon
taotion to ,baoa bo,,, ,,,a,,,,s. -. pr
aIo ,hn aro ,I.o',sa,.' ,o ~ '"ose VI our peo-
- ta-oa 81, a,'a nan ,,' w 'iuAe 'nese
70 thot dar,onaaa g., ttn ~ - iSe equai
thot bava ,,a;d o,,stouas IT,, e. s.u soous
that 1ShiIa oo,nna,'ati1,,,,, ', oo ~ aappehs
,~o.,.d ar,;,.Ias n';II;o ~" u'o INC M
pera, ,sa and ranar sa,,, " ", puopse VINO
.,.,S,,o,s ,s,,r,,,aSa "a y =. 'ae ioreish
t;,d 49, Il, ,his oa,,st,, y. .re Wv ea,iie
n.ar,v or oui,, .ho 60 "i,a pay .uereior
,rh;ob ,ha 49,, oaSs .a .hn ,.l, ou Price
Thasa ,.ho h,',, i,,ts e mp, e.u ar.ieies;
tbereon into the puhlic traas,,r,, h,,. b.
rraa, mo ior;,,r os a,,n a;.;s Duo tne
nestle articles Of ,ba .oma nI,ss ~"o uuy uo-
a. Loot annro,i,nata,1 a,,',.I "S ,n py sum
the home p,annfacturor ThiS rnts 10y W
tha onaratio, 80 o,,. ta,.;e ia,,', .noo W
hv ,say 90 instrrot;o,, h,,t H. oy I'aue
NAV he cons,antiv ran,;ndad - tS'. suat"e
l., nh;oh ,ha,, ;,,,,,oaa - .no manner
,.,ho oonsr,,a don,ostio al,,s. up'n .nose
those who copsrme ;r,nor,ad 90
,hus oraa,a n ta1 ,ron aiI an. - anu
,,,,,.,,,,,,,,,,,,- Pp'i
iNiNioi9 "osr BE fho-
0ihD'
IL ID ho' proPoseu 10 ehtireiy relieve the
country vi Hiis laAatioh' IL must pe exten-
''eiy ooh'inueu as 'he source OF the govern
.,, ,,. ..,.......
n .n ,@ ,u inoone' aiu III d ieauJus'ihehs Vi our
, 70, ~ sne INTERESTS Vi Anhericah iaoor en-
s"sVI - "'anunaIiure snouu ne oaieiuly
49, 80, - 90 vi a1 'ue P'es'i NnVion Vi
-on,;nl ,u ~ n., -. my oe oalieH Pr
80 ~ =, ~ any oInsi hane' ou' lehe'
~, IS Ia' anu u"lseis u ou, PRES
~ -, ''. la"s snOulu oe ue'iSe' WIN espe-
80, 20 "uson asuins' iinpeiiiiie Ine eA,s..
~, ~. nit' .Hs in'ei e'ee' Dus
.hi,. ''';th', 'noa ny n'7an oou,slon i,sn
~ "."uo iesaiu w 'no puoio "eiaie
Z. Z, na,ionei ca, ehcy, must ai"ays insure
."e eai'N''ion VI ihilhoHse Pron's ihsteau Vi
p'on'aoie 'e'u'hs' as .',e Voi-
. .'..o aa'u ui'eisi'y Vi our ha'ionai ae'iVi'ies
esSe, ne" recruits are aoueo 10 those
49, ~ Isl oon'ihua'iol oi Tue advantages
'ig 'noy oohosiNe the present system Oh
'a'.nt "a, ~ .a1a',oh uiIvo''g ahoius ueh' %
'suDoony nave an ehorls 70 ,eio,ni 'ne